Course Modules

FA1 - Recording Financial Transactions
This module introduces students to the fundamentals of preparing and recording financial documentation from originating documents and processing ledger transactions up to the trial balance stage. It also covers relevant banking procedures associated with bookkeeping, maintaining and reconciling cash and petty cash records and preparing the journal and relevant control accounts and identifying and correcting errors.

MA1 - Management Information
This module introduces students to basic costing principles and techniques and the tools with which to use these principles and techniques. The syllabus starts by introducing business organisations and the specific role of the management accountant within the organisation. The next section deals with cost classification followed by the identification of sources of information and coding, to ensure that cost information is properly classified.

FA2 - Maintaining Financial Records
This module introduces students to the fundamentals of Maintaining Financial Records, explaining its context and purpose with reference to accounts preparation. The syllabus concentrates on the double-entry system and on recording, processing, and reporting business transactions and events, including the specific accounting for fixed assets. It covers the use of the extended trial balance and how to identify and correct errors, including the reconciliation of the control accounts, and the posting of period end adjustments as well as preparation of final accounts for sole traders and for partnerships.

MA2 - Managing Costs and Finance
Managing Costs and Finance introduces student to costing and financing principles and techniques, and to elements of management accounting which are used to make and support decisions. The syllabus starts by introducing candidates to management information clearly distinguishing it from financial accounting information and the basics of recording costs in management accounting.

Preparatory Course for ACCA - Diploma in Accounting & Business

FAB - Accountant in Business
Foundations of Accounting in Business introduces students who may not have a business background, to the business, which as an entity is made up of people and systems that interact with the environment and with each other. The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment.

FMA - Management Accounting
This module introduces students to elements of management accounting which are used to make and support decisions. The syllabus starts by introducing the nature, the source and purpose of cost accounting and the costing techniques used in business which are essential for any management accountant. The syllabus then looks at the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business costs. The syllabus concludes with an introduction to measuring and monitoring the performance of an organisation.

FFA - Financial Accounting
This module introduces students to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information. The syllabus then covers drafting financial statements and principles of accounts preparation. It concentrates on recording, processing, and reporting business transactions and events.

Certified Accounting Technician (CAT) Foundation Certificates

FAU - Foundations in Audit
This module introduces students to the nature and purpose of an audit, including the duties and liability of auditors, and the regulation that auditors must adhere to. The syllabus then covers the areas relating to the process of an audit of financial statements starting at audit planning and risk assessment, recording and evaluating internal control, as well as tests of controls, audit evidence and the use substantive procedures. The syllabus also coves the section deals with audit completion including the audit report.

FTX - Foundations in Taxation
This module introduces studentsto the subject of taxation and provides the core knowledge of the underlying principles and the major technical areas of taxation, as they affect the activities of individuals and businesses. Candidates are introduced to the rationale behind – and the functions of – the tax system. The syllabus considers the separate taxes that a technician accountant would need to have knowledge of, such as income tax from self-employment and employment.

FFM - Foundations in Financial Management
Foundations in Financial Management introduces students to different ways of managing finance within an organisation with the aim of enhancing business performance. This includes planning and controlling of cash flow in both the short and long term, how to manage capital investment decisions and managing trade credit for an efficient flow of cash. The syllabus starts by introducing the principles of effective working capital management, and the impact working capital management has on an organisation’s cash flow. It then looks at the techniques for forecasting cash to aid an organisation in planning its cash needs. The next area of the syllabus looks at the different ways of managing cash in the short, medium and long term, including investing funds in capital projects. It finally ends with procedures for effective credit management to maximise flow of cash to the business.